The James Altucher Show

Jamie Siminoff: From Shark Tank Rejection to $1 Billion Ring Sale to Amazon

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A Note from James:Imagine going on Shark Tank in front of Mark Cuban, Mr. Wonderful, Lori Greiner, Robert Herjavec, and the rest of the Sharks. You’re offering 10% of your business for $700,000, which values the company at $7 million. They all say no. Then, a few years later, Amazon buys your company for a billion dollars.That's gotta feel really good, and that's the experience of our next guest, Jamie Siminoff.Jamie built the company behind the video doorbell that lets you see who’s at your door—Ring—and helped turn a simple household object into a home security platform. He went on Shark Tank in 2013, didn’t get a deal, kept building anyway, and eventually sold Ring to Amazon.Jamie has a book coming out right now called Ding Dong: How Ring Went from Shark Tank Reject to Everyone's Front Door. What really impressed me about Jamie was the simplicity of all his business ideas, since this was his fourth business. A doorbell you can answer from your phone. A way to turn voicemail into text. A tool to unsubscribe